When we bought our home on Abington Rd. in 1968, it was our third, and I was 28, my husband 29. Other than the mortgage (paid off in 1988), our housing expenses included a phone bill for one phone, and utilities--gas, electric, water. That’s it. No cable TV. No cell phone. No internet. No news service via the internet. What does the homeowner or renter pay today? According to the Journal of Accountancy:
Fifty-six percent of U.S. adults said they believe that technology has made it easier to spend money, and just 3% said it has made it easier to save. Thirty-seven percent said technology has made it easier to both spend and save, according to the national telephone poll, which consisted of 1,005 responses.
The survey found that Americans who subscribe to digital services spend an average of $166 monthly for cable TV, home internet access, mobile phone service, and digital subscriptions such as satellite radio or streaming video. That’s the equivalent of 17% of their average monthly rent or mortgage payment.
Respondents who download songs, mobile applications, and other products spend an additional $38 per month, on average, according to the survey.
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